News that Myles Bunyard has been disqualified as a director is welcome but appears somewhat overdue, considering his track record in our industry.
A friend of mine worked at a company that was "Bunyarded" and remains bruised, and out-of-pocket, by the experience. Suffice to say the air still turns blue when Bunyard's name is mentioned.
At one point I thought he was a clever type of asset stripper who somehow managed to operate within the law. Reading the Insolvency Service report it's clear that's not the case, and the Bunyard saga generates similar feelings to reading the "in court" column in my local paper. The courts are full of people being fined for driving while disqualified/without a licence. It's clear that some parts of society feel it's OK to ignore such requirements as there's only a slim chance of being caught.
Bunyard's record implies that he is similarly relaxed about the responsibilities that come with being at the wheel of a business. So while I applaud the decision to disqualify him, I wonder how such disqualifications are policed. Who checks that the order isn't simply being ignored? Perhaps a new and more sophisticated form of electronic tag is required, one that will be able to recognise if the owner is in possession of company chequebook.